Current mainstream CEX and DEX funding rates indicate the market remains bearish.

BlockBeats News, March 6, according to Coinglass data, after last night's market downturn, the current funding rates on major CEX and DEX platforms indicate that the market remains bearish. Bitcoin's funding rate has shifted from neutral to a positive rate, while Ethereum has maintained a neutral rate. The specific funding rates for major cryptocurrencies are shown in the attached chart.

BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the underlying asset prices, typically applied to perpetual contracts. It is a capital exchange mechanism between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, so that the contract price remains close to the underlying asset price.

When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.